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Global Economy: Unemployment in developed economies falls, wage still an is

Wages, in the main, have not reacted as might be expected

Unemployment in the world's biggest developed economies has been falling, at least since the end of the financial crisis. But wages, in the main, have not reacted as might be expected.
They have generally either grown only modestly, or even fallen.
Take, for example, resurgent Germany. Since 2012, the unemployment rate has tumbled to the lowest level since reunification. Wages and salaries have grown -- but only gradually and at nothing like a rate to imply pressure.
It is even clearer in Japan, where unemployment this year has fallen to a more than 20-year low of just ...

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